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1624 W Oceanfront, Newport Beach, CA 92663
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1624 W Oceanfront Newport Beach, CA 92663

$5,500,000 Sold Price as of 10/22/2020
  • 5 Beds
  • 5 Baths
  • 3,039 Sq.Ft.
Sold
$5,500,000 Sold Price as of 10/22/2020 Refinance Your Mortgage
Map preview of 1624 W Oceanfront, Newport Beach, CA 92663

Property Overview: 1624 W Oceanfront Newport Beach, CA has 5 bedrooms, 5 bathrooms, 3,039 living square feet and 3,049 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Quintessential oceanfront duplex beach home in turn-key condition. A wonderful opportunity to own between the piers and on the sand along one of Southern California’s most favored stretches of shoreline. Generously proportioned, turn-key three bedroom, three bath upper-level owner’s unit is accented by abundant millwork, vaulted ceilings, hardwood floors, and new carpet and paint throughout. It features two fireplaces, an eat-in kitchen nook, separate laundry room, elevator, and spectacular roof top terrace with spa, BBQ area and panoramic 360-degree views up-and-down the coastline, and capturing bay front and city light views, as well. The spacious lower level two bedroom, two bath unit has been remodeled and features a cozy brick-accented fireplace, private laundry and a large oceanfront terrace adjacent to the boardwalk. Central air conditioning, a dumbwaiter, and a four car parking complete this fabulous R-2 lifestyle opportunity. Ideally suited as either a short-term rental income property, or perfect for an owner/user to enjoy the large upper unit while benefitting from rental income below. Located in the heart of Balboa, across from Marina Park and just a short bike ride from myriad restaurants, shops, the Fun Zone and the Balboa Island Ferry.

Listed by Tara Foster Shapiro | BRE #01892201 | Pacific Sotheby's Int'l Realty
Last checked: 11 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 84

Home details

Lot Sq. Ft
3,049
HOA Dues
$0/mo
Year built
1974
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
NP20113848
City
Newport Beach
County
Orange
Time on Site
1402 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Virtual Tour

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Property Details for 1624 W Oceanfront

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Zoned
Heating Information
  • Has Heating
  • Zoned, Forced Air, Natural Gas
Laundry Information
  • Has Laundry
  • Individual Room, Inside
Fireplace Information
  • Has Fireplace
  • Living Room, Master Bedroom, See Remarks
Room Information
  • Flooring: Carpet, Stone, Wood
Interior Features
  • 2 Staircases, Balcony, Beamed Ceilings, Built-in Features, Chair Railings, Crown Molding, Elevator, High Ceilings
  • Levels: Three Or More
Exterior Features
Exterior Information
  • Barbecue Private
  • Has Spa
  • Spa Features: Roof Top
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Direct Garage Access, Garage - Single Door, See Remarks, Tandem Garage
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Bay, Catalina, City Lights, Coastline, Ocean, Panoramic, Water, White Water
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 04720227
  • Year Built Source: Public Records
  • Property is not Attached
  • Accessibility Features: Accessible Elevator Installed, See Remarks
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: Off of Balboa Blvd Between 16th and 17th Streets
Neighborhood Information
  • Community Features: Watersports, Sidewalks, Storm Drains, Street Lights, Urban
View more facts & features

Local Newport Beach Agent

Sale History for 1624 W Oceanfront

Last sold for $5,500,000 on October 22nd, 2020

  • October, 2020

  • Oct 22, 2020

    Date

    Sold

    CRMLS: NP20116576

    $5,500,000

    Price

  • Oct 9, 2020

    Date

    Pending

    CRMLS: NP20116576

    $5,750,000

    Price

  • Sep 8, 2020

    Date

    Active Under Contract

    CRMLS: NP20116576

    $5,750,000

    Price

  • Jun 16, 2020

    Date

    Active

    CRMLS: NP20116576

    $5,750,000

    Price

  • Listing provided courtesy of CRMLS

    Quintessential oceanfront beach home in turn-key condition. A wonderful opportunity to own between the piers and on the sand along one of Southern California’s most favored stretches of shoreline. Zoned as a duplex this property has an owner's unit with a single family "vibe", while at the same time benefitting from a rental unit below. Generously proportioned the turn-key three bedroom, three bath upper-level home is accented by abundant millwork, vaulted ceilings, hardwood floors, and new carpet and paint throughout. It features two fireplaces, an eat-in kitchen nook, separate laundry room, elevator, and spectacular roof top terrace with spa, BBQ area and panoramic 360-degree views up-and-down the coastline, and capturing bay front and city light views, as well. The spacious lower level two bedroom, two bath unit has been remodeled and features a cozy brick-accented fireplace, private laundry and a large oceanfront terrace adjacent to the boardwalk. Central air conditioning, a dumbwaiter, and a four car parking complete this fabulous R-2 lifestyle opportunity. Ideally suited as either a short-term rental income property, or perfect for an owner/user to enjoy the large upper unit while benefitting from rental income below. Located in the heart of Balboa, across from Marina Park and just a short bike ride from myriad restaurants, shops, the Fun Zone and the Balboa Island Ferry.

  • October, 2020

  • Oct 22, 2020

    Date

    Sold

    CRMLS: NP20113848

    $5,500,000

    Price

  • Oct 9, 2020

    Date

    Pending

    CRMLS: NP20113848

    $5,750,000

    Price

  • Sep 8, 2020

    Date

    Active Under Contract

    CRMLS: NP20113848

    $5,750,000

    Price

  • Jun 15, 2020

    Date

    Active

    CRMLS: NP20113848

    $5,750,000

    Price

  • June, 1987

  • Jun 3, 1987

    Date

    Sold (Public Records)

    Public Records

    $66,000

    Price

Show More

Tax History for 1624 W Oceanfront

Assessed Value (2020): $1,227,769
Year Land Value Improved Value Assessed Value
2020 $822,605 $405,164 $1,227,769

Home Value Compared to the Market

This property vs the competition

1624 W Oceanfront sold on October 22, 2020 for 55.41% higher than the current median sold price for the city of Newport Beach which is $3,700,000. The median sold price per/sqft for Newport Beach is $1,360 and this home is sold at $1892.07 per/sqft which puts the price per square foot 39.12% higher than the current median sale per square foot for the city of Newport Beach.

About 1624 W Oceanfront

Detailed summary of property

1624 W Oceanfront is a multi family that recently sold in Newport Beach, CA 92663. This multi family property offered 5 bedrooms, 5 bathrooms, roughly 3,039 living square feet, and sits on an approximately 3,049 square foot lot. 1624 W Oceanfront was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $5,500,000. Home in Newport Beach are selling for a median price of $3,700,000 and a median price per square foot of $1,360. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 55.41% higher than the current median priced home. Local homes that are currently for sale include 9602 Alwood Ave, 208 W Hoover Ave and 1201 W Diamond St. While the average home in Newport Beach, CA is selling in 73 days, 1624 W Oceanfront has a days on market of 84 days. There are currently 275 homes for sale in the Newport Beach real estate market and 208 of them are single family homes while 54 of them are condos and 13 are townhomes. For more information on this home for sale at 1624 W Oceanfront Newport Beach, CA 92663 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 1624 W Oceanfront

Public county record property details
Beds
--
Baths
--
Year built
1974
Sq. Ft.
2,670
Lot Size
3,125
Stories
2
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
12
APN
047-202-27

The source for these homes facts are from public records.

92663 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$4,395,000
Median List Price/Sq.Ft.
$1,557
Median Sold Price
$3,700,000
Median Sold Price/Sq.Ft.
$1,494
Total Inventory
88
Median Sale to List Price %
105.87%
Avg Days on Market
21
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (47.06%), Other (35.29%)

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Recently Sold Homes Near 1624 W Oceanfront

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1514 W Oceanfront, Newport Beach, CA 92663
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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